Mergers and Partnerships are a key element of many companies' strategies to maximize value and create long term competitive advantage. Both are complex and difficult to manage successfully. Hence significant challenges typically result when merging your business with another one or developing new business partnerships.
Cornerstone Six Sigma Consulting, Inc. can help ensure a successful integration if you are planning an exit strategy, in the acquisition phase, have already purchased another firm, or are launching a new business partnership.
Every business is unique and therefore each has a different culture. Most mergers typically fail because they do not successfully address the human and culture issues. In general, they do not integrate the different elements of the culture (including processes, accounting, services delivered, sales and marketing approaches, business strategy, etc.). In addition, they don't sufficiently address the human element (the fear, emotional hurt and survival behavior exhibited by many of the employees). As a result, many mergers fail to produce any benefit for the shareholders and the majority of them destroy value. Likewise, most partnerships fail due to a variety of reasons, some of them include: a lack of common goals, inability to measure success, different definitions of success, communication problems, and ineffective transferring of knowledge. Mergers and Partnerships both have very high failure rates.
Cornerstone Six Sigma Consulting, Inc. can help you achieve a successful integration.
Call us at (678) 331-3845 or toll free at 1-877-6-SIGMA-1 (1-877-674-4621) or email us at info@CornerstoneSixSigma.com